Finance personality and YouTuber Ramit Sethi — author of the 2009 best-seller “I Will Teach You to Be Rich” — recently posted a slew of advice to his channel on the video-sharing platform kicking off with a bit of shade thrown at other financial gurus (namely, “Shark Tank” star Kevin O’Leary) regarding the oft-dispensed advice of ditching the $5 lattes if you want to become wealthy.
Sethi noted that this wisdom is often issued by rich people attempting to shame their audience, then pivoted to say he was more interested in asking — and answering — $30,000 questions rather than $3 questions. Here’s a list of commonly encountered money rules (or, as he termed it, “ridiculous pieces of personal finance advice”) that he advised ignoring.
